Amgen (AMGN) Offering Possible 31.93% Return Over the Next 30 Calendar Days

Amgen's most recent trend suggests a bullish bias. One trading opportunity on Amgen is a Bull Put Spread using a strike $157.50 short put and a strike $152.50 long put offers a potential 31.93% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $157.50 by expiration. The full premium credit of $1.21 would be kept by the premium seller. The risk of $3.79 would be incurred if the stock dropped below the $152.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Amgen is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Amgen is bullish.

The RSI indicator is at 77.95 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Amgen

Nplate® (Romiplostim) Study In The Lancet Shows Significant Increase In Durable Platelet Response Among Children With Immune Thrombocytopenia
Tue, 19 Apr 2016 20:22:03 GMT
noodls – THOUSAND OAKS, Calif., April 19, 2016 /PRNewswire/ — Amgen (NASDAQ:AMGN) today announced that The Lancet published results from a Phase 3 randomized, double-blind, placebo-controlled study of Nplate (romiplostim) …

4:01 pm Amgen announces that The Lancet published results from a Phase 3 study of Nplate; study met the primary endpoint of durable platelet response
Tue, 19 Apr 2016 20:01:00 GMT

Nplate® (Romiplostim) Study In The Lancet Shows Significant Increase In Durable Platelet Response Among Children With Immune Thrombocytopenia
Tue, 19 Apr 2016 20:00:00 GMT
PR Newswire – THOUSAND OAKS, Calif., April 19, 2016 /PRNewswire/ — Amgen (AMGN) today announced that The Lancet published results from a Phase 3 randomized, double-blind, placebo-controlled study of Nplate® (romiplostim) in children with symptomatic immune thrombocytopenia (ITP). The study showed that 52 percent of Nplate patients achieved a durable platelet response, compared with 10 percent of placebo-treated patients (p=0.002, odds ratio 9.1, 95 percent CI: 1.9, 43.2). “Children with ITP are at risk for serious bleeding events due to low platelet counts, which can be very frightening for these children and their parents,” said Michael D. Tarantino, M.D., The Bleeding and Clotting Disorders Institute, professor of Pediatrics and Medicine, University of Illinois College of Medicine-Peoria, Peoria, Illinois.

[$$] Britain can build a biotech industry to match its Nobel winners
Tue, 19 Apr 2016 17:12:13 GMT
Financial Times – Britain, it is often said, has world-class science but too few world-class science-based companies. Nowhere is this more true than in biotechnology. Although Nobel Prizes have been awarded to British scientists …

Why Johnson & Johnson's Earnings are Good News for Big Biotech
Tue, 19 Apr 2016 16:54:00 GMT

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